123:1-70-02
Purchase of insurance contracts where the annual premium is more than one thousand dollars.

(A)
Where the amount of an annual insurance premium is
estimated to be more than one thousand dollars but less than fifty thousand
dollars, and is not required to be competitively bid, the administrator of the
office of risk management may procure a contract of insurance using the
following procedures:

(1)
Upon request of an agency, or by a determination by
the administrator of the office of risk management that an agency may need
particular insurance coverage, the administrator may solicit price quotations
from persons dealing in contracts of insurance as selected by the
administrator.

(2)
The administrator shall review each price quotation
and make a recommendation to an agency based on an evaluation of the cost,
protection comparison and other relevant considerations.

(3)
If an agency
determines that a particular insurance coverage or program is needed, the
administrator shall notify the selected person, and provide any additional
information needed to underwrite the contract of insurance.

(B)
Where
the amount of the annual insurance premium is fifty thousand dollars or more,
the office of state purchasing, with the approval of the Administrator of the
office of risk management, shall, on behalf of the appropriate agency, purchase
the insurance in accordance with the competitive bidding requirements of
sections 125.04 to
125.15 of the Revised Code and
rules 123:5-1-09 to 123:5-1-27 of the
Administrative Code.

(C)
"Person" has the same meaning as provided in division
(C) of section 1.59 of the Revised Code for the
purposes of this rule.